272 Capital LP Sells 469,341 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

272 Capital LP lessened its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 53.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 415,409 shares of the company's stock after selling 469,341 shares during the period. BigCommerce comprises about 2.7% of 272 Capital LP's portfolio, making the stock its 8th largest holding. 272 Capital LP owned 0.53% of BigCommerce worth $2,430,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of BigCommerce by 5.9% in the first quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company's stock worth $70,817,000 after acquiring an additional 572,396 shares in the last quarter. Divisar Capital Management LLC acquired a new position in BigCommerce in the 2nd quarter worth approximately $4,274,000. Clearline Capital LP grew its position in BigCommerce by 27.3% during the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company's stock worth $7,656,000 after purchasing an additional 203,785 shares in the last quarter. Algert Global LLC raised its stake in BigCommerce by 89.4% during the 2nd quarter. Algert Global LLC now owns 267,850 shares of the company's stock valued at $2,159,000 after purchasing an additional 126,443 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of BigCommerce in the first quarter valued at $104,000. 79.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BIGC. Stifel Nicolaus lowered their price target on BigCommerce from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 target price on shares of BigCommerce in a research note on Thursday, October 3rd. Bank of America dropped their target price on BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a report on Thursday, August 29th. Finally, Barclays lowered their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $8.81.

BigCommerce Stock Down 0.5 %

BIGC traded down $0.04 during midday trading on Friday, hitting $7.37. 589,956 shares of the company's stock traded hands, compared to its average volume of 1,091,190. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $10.19. The stock's fifty day simple moving average is $5.96 and its 200-day simple moving average is $6.72. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market cap of $577.66 million, a PE ratio of -20.47 and a beta of 0.99.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.